The Younger Brother Caught in the Middle of the FTX Investigation

The Younger Brother Caught in the Middle of the FTX Investigation

The New York Times-Business·2023-03-24 17:01

The money flowed freely at a pandemic-prevention organization run by the younger brother of Sam Bankman-Fried, the disgraced cryptocurrency mogul.

Just over $375,000 financed a failed campaign in Colorado to increase taxes on cannabis sales in order to support pandemic research. Another $1 million was spent on consulting and advertising expenses in a single year. And $3.3 million went toward the purchase of a luxurious townhouse a few blocks from the U.S. Capitol.

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